Mr Mortgage – HERE COMES THE ALT-A CRISIS 4-16-08
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Mr Mortgage – HERE COMES THE ALT-A CRISIS 4-16-08
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July 11th, 2010 at 3:46 am
sorry for latenessin my comment, BBmyQ, but when I see guys like the former countrywide crew reforming to catch riches on the downside, I cant help but think that when they were ‘forced’ to lend, it was more of a brer rabbit, ‘please dont throw me into that thicket’ deal. the bigs needed feedstock of loans, any loan would do, to securitize.
July 11th, 2010 at 4:09 am
you know nothing. you’re an ant in the afterbirth.
July 11th, 2010 at 4:49 am
What is the Key disfavors by Having Your Mortgage
realmortgagepaid.blogspot. com
July 11th, 2010 at 5:41 am
The problems we are experiencing are not caused by sub-prime. It is a break down in society that is causing this problem! Japan experienced a decade known as the “Lost Decade.” Japan is now experiencing two decades of economic turmoil due to this crisis. The 3rd decade is starting for them! We are just starting down a similar path, so how long will our economic problems last? The US will not have a “Lost Decade,” but will have a “Lost Generation” due to how in debt young people have become.
July 11th, 2010 at 6:00 am
There won’t be a next one.
July 11th, 2010 at 6:06 am
This problem can’t be addressed it can only be endured… However, enduring something like this will be impossible for our economy now that we have allowed the fed to waste the revenue for the next 30 years on failed bail outs.
July 11th, 2010 at 6:24 am
more false BS–actually ACORN along with congress forced lenders to give credit to people with poor credit–and banks got greedy and did what they asked. That coupled with poor financial awareness of the borrower not reading thier loan documents caused the problem..
July 11th, 2010 at 7:00 am
nawkrm ……bud, that’s exactly what has been happening in Australia here, in Queensland they were called the ‘RENO KINGS’…..they buy a house that needs work, cheap as!… very cheap and tacky fittings and even used secondhand fixtures, sold it at a silly price within 1 to 3 months and people fell for it. Then there are the people with property portfolio’s, there to blame as well. From what I am hearing those people are becoming very worried.
July 11th, 2010 at 7:23 am
You’re absolutely right. People took out mortgages they knew they couldn’t afford simply because they expected to make a quikc profit by flipping the properties. The banks made those loans available, but those greedy flippers are the ones who chose to take a risks.
July 11th, 2010 at 7:24 am
thehelpfund.blogspot
July 11th, 2010 at 7:51 am
Very informative video. I took some notes on the video and how it was done. I gave it 5 stars. Check out our vids and tell me what you think? We have some good stuff also.
July 11th, 2010 at 8:25 am
good.
July 11th, 2010 at 9:19 am
Great vid thanks for the info.
July 11th, 2010 at 9:37 am
There is a recession around every 18 years. Let it pass through then everyone can get back to “borrow and spend” …. till the next one …
July 11th, 2010 at 9:55 am
How can the problem be addressed?? All that money is GONE. The damage was done when the loans were given out…what can possibly be done about it at this point?
July 11th, 2010 at 10:19 am
Anyone that has taking on a mortgage in the past number of years (and deep down new they could not afford it) are to blame for this mess just as much as the banks and the corperations!
I have no sympathy for either!
Why should us innocent tax payers bale your greed and stupidity.
July 11th, 2010 at 10:40 am
Just get ur credit card out as normal. Stop worryin. Can always pay next month. Who needs cash? Get on the dole and enjoy life. Its what you all deserve in Uk for fucking the place up.
July 11th, 2010 at 10:48 am
Great real info!!!!
July 11th, 2010 at 11:44 am
AND.. isnt it the same as us, the peopel, since we are the ones who are payng this “bail out” fee, paying MORE for all our mortgages ??
Its a con, and ht epeopel who made the con, should be brought to justice !!!!
July 11th, 2010 at 12:28 pm
They lent LOTS of money so that house prices would increase dramaticaly.
Then, they sold people “EQUITY RELEASE”, so that they could BUY half yur house off you. NOW, they say there is a crisis, so the house price will fall – SOON they will own your WHOLE house (or anyone who had equity release, anyway).
So, WHO is gonna bail me out of my “equity release” problems, which could lead to me losing the WHOLE of my house, to these bankers ??
NO oNE, thats who !
NOOOOOOOOOOOOOOOOO !!!
July 11th, 2010 at 1:16 pm
He makes some good points here – thanks for talking slower in this one – others are like manic talk SPEED!! lol…
July 11th, 2010 at 1:17 pm
If this guy is correct, then watch e*trade (ETFC). See if its rally starts to roll over. It is one of the few banks he mentions by name in his posts, and though he doesn’t say it directly, he obviously thinks its doomed.
July 11th, 2010 at 1:50 pm
First the earnings were terrible, but they did beat expectations, and for pps that’s all that matters. In fact, the financials probably will continue to rally. The point he is making is that we are between storms and the next one is bigger and about to pick up momentum.
July 11th, 2010 at 2:41 pm
How come they just now posted good earnings and even raised dividends? Are they lying?
July 11th, 2010 at 3:29 pm
spot on!! terrific information, thanks!